) mining co-location services, underscoring heightened demand for its institutional hosting services amid the bear market.on Jan. 24. Venture capital firm Kingsway Capital led the convertible note raise, with additional participation from Fulgur Ventures. Cohen & Cohen Capital Markets, part of J.V.B. Financial Group, advised Blockstream on the deal.
The funding will enable Blockstream to expand mining capacity for institutional hosting customers — a segment the company said was “resilient” in the face ofcompared to so-called prop miners. This latter segment is “more directly exposed to Bitcoin price volatility and compressed margins,” Blockstream said.
“We remain focused on reducing risk for institutional bitcoin miners and enabling enterprise users to build high-value use cases,” said Erik Svenson, Blockstream’s president and chief financial officer.
'Wow, it's great to see that companies are investing so heavily in the environment!'
Blockstream 125 million, usdt not dollars😂😂😂
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Infrastructure Firm Blockstream Raises $125M for Bitcoin MiningBitcoin infrastructure firm Blockstream raised $125M in convertible note and secured loan financing to expand its bitcoin mining hosting services. by Aoyon_A Blockstream Aoyon_A Why does the article headline say “Crypto Infrastructure firm”? It’s a Bitcoin, not crypto infrastructure firm. Blockstream Aoyon_A ponzi scam
Source: CoinDesk - 🏆 291. / 63 Read more »
Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network – Bitcoin NewsAt the time of writing, there are 5,493 bitcoin circulating on the Avalanche blockchain, while the LightningNetwork holds 5,248 bitcoin. This is exactly why I only trust ChiefraFba for signals and analysis Ok cool, I only listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals! follow us - the best news! ☑
Source: BTCTN - 🏆 531. / 51 Read more »
Crypto infrastructure firm Blockstream raises $125 million to expand mining servicesThe company will use the money to expand its institutional bitcoin mining colocation services.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bitcoin resistance at $25,000 will be key gauge of rally's momentum, B2C2 saysCrypto markets continued to trade higher over the weekend, but the likelihood of a sustained rally is slim according to Bernstein analysts.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Bitcoin (BTC) Shows Impressive Growth in January Alone, Beating Ethereum (ETH): Details$BTC has jumped by nearly 40% in first month of 2023, surpassing ethereum. BTC_Archive WuBlockchain
Source: Utoday_en - 🏆 295. / 63 Read more »
BTC metrics exit capitulation — 5 things to know in Bitcoin this weekHas anything really changed for Bitcoin? Here are five things to watch in BTC this week.
Source: Cointelegraph - 🏆 562. / 51 Read more »